Lightning eMotors Announces Eligibility for IRS Commercial Clean Vehicle Credit of up to $40,000 per Vehicle

Lightning eMotors Announces Eligibility for IRS Commercial Clean Vehicle Credit of up to $40,000 per VehicleSelect Lightning eMotors vehicles are eligible for an IRS vehicle credit of up to $40,000 per vehicleCommercial Clean Vehicle Credit is stackable with other federal and state incentive programs applicable to Lightning’s vehiclesLOVELAND, Colo., October 5, 2023 – Lightning eMotors (OTC:ZEVY), a leading provider of zero-emission, medium-duty commercial vehicles and electric vehicle (EV) technology for fleets, today announced that its commercial vehicle customers can now receive an up to $40,000 credit toward the purchase of select Lightning vehicles. The Commercial Clean Vehicle Credit became available to Lightning customers as a result of the company’s acceptance as a qualified manufacturer into the IRS Commercial Clean Vehicle Credit program, as defined in §30D(d)(3) of the Internal Revenue Code. “The Commercial Clean Vehicle Credit program joins our robust stack of incentive programs, providing yet another reason for commercial passenger, cargo and vocational fleets to electrify with Lightning.”The IRS Commercial Clean Vehicle Credit joins several other federal and state incentive programs that Lightning vehicles are eligible for, many of which stack, in some cases, to reduce the cost of an electric vehicle to nearly free. Lightning eMotors undertakes no obligation to update any forward-looking statements, except as required by law. # # #Lightning eMotors’ News Media Contact:Nick Bettis(800) 223-0740*protected email*